As of 2026-01-18, the Relative Valuation of Electrovaya Inc (ELVA.TO) is 1.95 CAD. This relative valuation is based on P/E multiples. With the latest stock price at 13.68 CAD, the upside of Electrovaya Inc based on Relative Valuation is -85.7%.
The range of the Relative Valuation is 1.56 - 2.40 CAD.
| Range | Selected | |
| Trailing P/E multiples | 21.9x - 23.3x | 22.6x |
| Forward P/E multiples | 18.8x - 19.2x | 19.0x |
| Fair Price | 1.56 - 2.40 | 1.95 |
| Upside | -88.6% - -82.5% | -85.7% |
| Date | P/E |
| 2026-01-09 | 166.45 |
| 2026-01-08 | 162.80 |
| 2026-01-07 | 162.53 |
| 2026-01-06 | 162.26 |
| 2026-01-05 | 158.33 |
| 2026-01-02 | 148.72 |
| 2025-12-31 | 146.69 |
| 2025-12-30 | 143.72 |
| 2025-12-29 | 144.93 |
| 2025-12-24 | 146.42 |
| 2025-12-23 | 143.45 |
| 2025-12-22 | 139.11 |
| 2025-12-19 | 127.07 |
| 2025-12-18 | 126.53 |
| 2025-12-17 | 118.00 |
| 2025-12-16 | 122.33 |
| 2025-12-15 | 123.69 |
| 2025-12-12 | 122.06 |
| 2025-12-11 | 129.37 |
| 2025-12-10 | 100.68 |
| 2025-12-09 | 100.28 |
| 2025-12-08 | 99.19 |
| 2025-12-05 | 99.87 |
| 2025-12-04 | 99.46 |
| 2025-12-03 | 92.43 |
| 2025-12-02 | 88.50 |
| 2025-12-01 | 87.01 |
| 2025-11-28 | 88.37 |
| 2025-11-27 | 88.10 |
| 2025-11-26 | 87.96 |
| 2025-11-25 | 85.53 |
| 2025-11-24 | 81.47 |
| 2025-11-21 | 81.74 |
| 2025-11-20 | 82.41 |
| 2025-11-19 | 86.47 |
| 2025-11-18 | 87.15 |
| 2025-11-17 | 87.83 |
| 2025-11-14 | 89.99 |
| 2025-11-13 | 94.73 |
| 2025-11-12 | 96.08 |
| 2025-11-11 | 96.49 |
| 2025-11-10 | 101.76 |
| 2025-11-07 | 102.04 |
| 2025-11-06 | 98.25 |
| 2025-11-05 | 107.04 |
| 2025-11-04 | 110.56 |
| 2025-11-03 | 122.74 |
| 2025-10-31 | 122.74 |
| 2025-10-30 | 121.79 |
| 2025-10-29 | 122.60 |